Last week, I blogged about the growth of electric vehicles (EVs), and why we made electrification, including EV charging facilities, a central part of our new strategy.
But you can’t have this discussion without talking about the rest of the fleet – the petrol and diesel cars and vans – that make up the overwhelming majority of vehicles on the roads right now.
One debate here in the UK at the moment is around ending sales of new petrol and diesel cars and vans – which the government has proposed by 2040 in England and Wales. Of course, this phase-out is part of how the UK plans to meet its target of net zero by 2050 – the first major industrialized nation to put that goal into law.
bp wants to get to net zero – and help the world to get there too – so we want to be clear: we actively support these measures, even if it is a challenge to our legacy business.
Why? Because our own action for net zero cannot be in isolation – it must support and be part of the bigger picture. And an important part of our approach to getting to net zero is advocating for progressive climate policies.
Bernard Looney, bp CEO
Whether that is 2035, 2032 or 2030 – we are up for it – and, importantly, we’re up for the measures and supporting policies to boost electrification and hydrogen in transport that are needed to make it possible.
So how can it be done? For an earlier phase-out to be effective and viable, we believe the UK will need:
Don’t get us wrong, hydrocarbons will have a role to play in bp and in society for many years. And every country has its own circumstances – options, challenges and priorities. But the UK’s phase-out of new sales of petrol and diesel cars and vans is exactly the kind of action that’s needed to deliver the energy transition we all want.
And with the right policies and infrastructure, we support the UK bringing it forward from 2040.
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